Which of the following credit checks would be considered a soft check? A. Vehicle loan application B. job application C. student loan application D. Credit card application

Q: Outstanding checks: Group of answer choices Have not been received by the bank for processing Are…

A: Outstanding checks are those that the business has written to a supplier but these have not been…

Q: rder is an example of an adjusting difference. True or False Bank understates a deposit on the bank…

A: Adjusting differences are necessary in the account when there is mismatch between the debit and…

Q: Which of the following statements is true? A certified check should be included in the outstanding…

A: Certified check means the check issued by bank saying that there is sufficient funds available in…

Q: do we need to check   the credit worthiness of credit customers before granting their credit…

A: Giving credit to the business and customers is main earning sources for banks but they need to take…

Q: Which of the following statements about a forged drawer's signature on a check is true? A.)   A…

A: A forged drawer’s signature represents the instrument or checks to contain the forged signature of…

Q: What is the difference between a credit card and a debit card? O A credit card is loaned money, plus…

A: Debit card is the facility given by the banks to their customers so that they can withdraw cash from…

Q: True or false: An example of a soft inquiry would be a credit card company looking into your credit…

A:

Q: Which of the following statements is correct? Select one: a. Account receivable turnover is equal to…

A: Accounts Receivables Turnover Ratio

Q: nvestigate the procedures in your financial institution or a bank of your choice, in granting credit…

A: A financial institution exists to provide consumers, corporations, or both with a wide range of…

Q: credit

A: Credit card can be defined as a payment card where line of credit is provided to the customers. With…

Q: Which of the following pieces of information would you not expect a potential credit customer to…

A: A potential credit customer is the customer to the lender of the money who has willingness to get…

Q: Explain the treatment of certified check for bank reconciliation purposes

A: Solution A certified check is a check for which issuing bank guarantees the availability of cash in…

Q: Khalid is working in a bank. He is confused with regard to ledgers and registers. From the below…

A: Loan is a source of financing provided by the bank to its customers. It can be short term or long…

Q: Explain why a loan officer always looks at a credit report before making a loan. What should you do…

A: The credit report is a way of assessing the credit history of the person seeking loan. By looking at…

Q: Which of the following statements about a forged drawer's signature on a check is true? a.)   A…

A: The answer for the multiple choice question and relevant working are presented hereunder : A check…

Q: How is a credit check in the advanced technology system fundamentally different from a credit…

A: Definition:   Credit check: Credit check is defined as the process of examining the financial…

Q: When will a credit check approval most likely require specific authorization by the credit…

A: Answer:   Option b.

Q: Which of the following best describes a voucher? A supporting document prepared for each cash…

A: A voucher checks are commonly used by a company's payroll department and are referred to as payroll…

Q: Imagine you're trying to select a new credit card. Identify 4 attributes of a credit card you would…

A: A credit card refers to a short-term financial product. It provides the short-term debt funds at a…

Q: Choose the correct answer: 5. Which of the following is considered effective? a. Certificates of…

A: Money Market Checking Accounts: A money market account, sometimes known as a money market deposit…

Q: A drawer, knowing that he has insufficient credit in the bank, issues a check, which was eventually…

A: A drawer is the person who draws a check to the drawee in order to fulfil some financial obligation.…

Q: Summarize the procedures to follow when accepting credit cards, bill-to-accounts, cash, checks, and…

A: There are different methods through which the customers make the payment to the company like for the…

Q: how is credit check in advance technology is different from credit check in basic technology

A:

Q: Aside from a checkbook, many checking accounts nowadays come with an ATM or debit card for…

A: A checking account is a deposit account held at a financial institution that allows withdrawals and…

Q: Which of the following would not be an appropriate heading for a column in the cash receipts…

A: Answer to Question: C) Creditors…

Q: Identify where each of the following transactions would be found on the bank reconciliation.…

A: A bank reconciliation statement is a summary of banking and business activity that reconciles an…

Q: I. When the check has been encashed II. When through the fault of the creditor the check has been…

A: A cheque is an instrument or document that orders the bank to pay the specific amount mentioned in…

Q: What if the drawee bank failed to determine right away that the CHECK is supposed to be dishonored…

A: Cheque bounce is a criminal offence under Section 138 of the Act, for which the payee can file a…

Q: Which of the following items must be added to the cash balance per ledger in preparing a bank…

A: The statement prepared to find out the discrepancies if any, in the balances of the cash as per book…

Q: Which of the following transactions does the above record belong to ?      a) Withdrawing a loan…

A: Journal entry is the process of recording the business transactions in the accounting books for the…

Q: Which one of the following is true of a signature​ card?         A. It is the same as a deposit…

A: Solution: A signature card is a document that a bank kept it with the signatures of all the…

Q: Investigate the procedures in your a bank of your choice, in granting credit cards and the possible…

A: Financial institution: A financial institution exists to offer a wide range of deposit, lending, and…

Q: A check returned by a bank because the issuer’s cash account balance could not cover the check is…

A: Introduction: Banks: Banks accepts deposits from public and give loans to its customers. Interest is…

Q: What are two common methods used when accepting deposits for credit card and debit card…

A: Two common methods for deposits of proceeds from credit card sales are: Gross method Net method

Q: How a credit check in advanced technology system different from a credit check in basic technology…

A: Credit Check:   Credit check is defined as the process of examining the financial behavior of a…

Q: Which of the following will NOT require an adjusting entry when reconciling the bank statement? O…

A: Bank reconciliation is a statement prepared to match bank account balance as per cash book and bank…

Q: difference between a debit order and a stop order

A: Bank reconciliation statement is a statement prepared to reconcile the difference between the 'Bank…

Q: Describe situations in which you might use a certified check, cashiers check or money order.

A: Certified Check A certified check is a personal check that issued by a drawer in which the payer’s…